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Revealing the effectiveness of technological innovation shocks on CO2 emissions in BRICS: emerging challenges and implications.

Authors
  • Ma, Xiaoqiang1
  • Arif, Asma2
  • Kaur, Prabjot3
  • Jain, Vipin4
  • Refiana Said, Laila5
  • Mughal, Nafessa6
  • 1 School of Economics and Management, Northwest University, Xi'an, China. , (China)
  • 2 Department of Economics, University of Wah, Wah Cantt, 47040, Pakistan. , (Pakistan)
  • 3 Department of Mathematics, Birla Institute of Technology Mesra, Ranchi Jharkhand, India. , (India)
  • 4 College of Management, Teerthanker Mahaveer University, Moradabad, Uttar Pradesh, India. , (India)
  • 5 Universitas Lambung Mangkurat, Banjarmasin, Indonesia. , (Indonesia)
  • 6 School of Economics, Xi'an Jiaotong University, Xi'an, Shaanxi, China. [email protected] , (China)
Type
Published Article
Journal
Environmental Science and Pollution Research
Publisher
Springer-Verlag
Publication Date
Jul 01, 2022
Volume
29
Issue
31
Pages
47373–47381
Identifiers
DOI: 10.1007/s11356-022-19053-w
PMID: 35178636
Source
Medline
Keywords
Language
English
License
Unknown

Abstract

The debate on technological innovation shocks and its effect on the environment are of great interest to academicians and environmentalists worldwide. At present, primary focus of this research is to investigate the asymmetric technology shocks and its impact on CO2 emissions for BRICS economies. The linear and non-linear panel ARDL models are applied to compute both short-run and long-run dynamics of technology shocks and CO2 emissions. Asymmetric estimates confer that a positive shock in patents reduces the CO2 emissions by 0.418%, whereas negative shock increases the CO2 emissions by 0.854%. Contrariwise, the trademark positive shock increases the carbon emissions by 0.416% and vice versa. The non-linear analysis provides an opportunity to measure the direction and magnitude of positive and negative shocks in technology on the environmental quality of BRICS economies. Hence, policymakers and environmentalists should devise their strategies by keeping in mind the impacts of positive and negative shocks. © 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.

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